Question
The following transactions occurred last year at Joffre Company: Issuance of shares of the company's own common stock $ 50,000 Dividends paid to the company's
The following transactions occurred last year at Joffre Company:
| Issuance of shares of the company's own common stock | $ 50,000 |
| Dividends paid to the company's own shareholders | 3,000 |
| Dividends received from investments in other companies' shares | 6,000 |
| Interest paid on the company's own bonds | 13,000 |
| Repayment of principal on the company's own bonds | 40,000 |
| Proceeds from sale of the company's used equipment | 17,000 |
| Purchase of land | 120,000 |
Based solely on the above information, the net cash provided by financing activities for the year on the statement of cash flows would be: (show your work)
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